AP Microeconomics
Course Description:
The AP Microeconomics course is designed to give students a thorough understanding of the principles of economics that apply to the functions of individual decision makers, both consumers and producers, within the economic system. It places primary emphasis on the nature and functions of product markets, and includes the study of factor markets and of the role of government in increasing productivity while striving for social equality. The course covers basic economic concepts; supply and demand; theory of consumer choice; production and costs; firm behavior and market structure; factor markets; and market failure and the role of government.
Evaluation:
Assignments, unit tests, quizzes, in-class assignments. Students have the option to take the AP exam in May. Students that score a 4 or 5 may receive credit university credit for the course.
What type of student enjoys and is successful in this course?
Students interested in current affairs, those going into business administration or commerce.
What would be a good alternate to this course:
AP Macroeconomics, Financial Accounting 12, Entrepreneurship 12, Economics 12
What career areas/professions does this course help prepare a student for?
Business Administration/Commerce
** it is recommended that students in Grade 10 or 11 take AP Microeconomics before they take AP Macroeconomics